Audio By Carbonatix
Consumer Price inflation increased to 10.6 percent in February from 10.3 percent recorded in January.
The marginal increase is being attributed mainly to an increase in fuel prices. Food inflation for February also rose to 7.2 percent from 6.8 percent the month before while non-food moved up to 12.2 percent.
According to the Ghana Statistical Service, this is a measurement of the change over time in the general price level of goods and services that households acquire for the purpose of consumption.
Acting Government Statistician, Baah Wadieh said “This should mean that the rate of increase in general price levels of goods and services went up marginally compared to that of January this year”
On the regional level, he stated: “Upper West, Brong Ahafo, Greater Accra and Ashanti Region recorded rates higher than the national average”.
Upper West recorded the highest rate of 11.7 percent followed by Brong Ahafo with 11.4. Upper East region recorded the lowest rate of 8.1 percent.
The non-food group recorded a year on year inflation of 12.2 percent, compared to the 12 percent recorded in January, whilst the food and non-alcoholic beverages group went up by 0.4 to record 7.2 percent.
This is a confirmation of an earlier report by JoyBusiness that prices of food in the country experienced an increase in the market in the first quarter of the year 2018.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Nkrumah’s unfinished Pan-African project must be completed – P.L.O. Lumumba
33 seconds -
Mysterious illness leaves children struggling to walk, hear as Mafi Kope community appeals for urgent medical helpÂ
37 minutes -
Ghana begins free rabies vaccination for 25,000 petsÂ
43 minutes -
Ghana Navy strengthens operational readiness with specialist seaman gunners trainingÂ
47 minutes -
Nkrumah’s legacy must be measured by action, not ceremonies – Armah-Kofi Buah
52 minutes -
Kwesi Pratt Jnr questions Ghana-US defence cooperation agreement over sovereignty concerns
59 minutes -
Nkrumah’s legacy must drive African unity, self-reliance and environmental protection – Armah-Kofi Buah
1 hour -
Nkrumah’s inspiration should unite Africans despite political differences – Dr Opoku Prempeh
1 hour -
Some dissolved NSA board members could be reappointed – Kofi Adams
1 hour -
Mahama leaves for New York to attend 81st UN General Assembly
1 hour -
Aston Villa beat Mohammed Kudus’ Tottenham 3-1 as Spurs struggles continueÂ
2 hours -
Auditor-General’s COVID audit omissions worrying for anti-corruption fight – CDD-Ghana
2 hours -
Bawa-Rock supports over 300 Obuasi Town Hall fire victims with GH¢1.5m package
2 hours -
Western regional security council steps into Betterland-Gwira mining dispute
2 hours -
Photos: Nkrumahfest 2026 draws dignitaries as Ghana celebrates Kwame Nkrumah’s legacy
2 hours